AAPL (AAPL) Weekly Headline Roundup: March 9-13

Apps & Software

Published: March 13, 2009 3:56 am

Last Updated: April 27, 2020 3:08 pm

It’s been quite a week for Apple news and AAPL shares. Here are the key headlines aggregated from 24/7 Wall St. partner Apple Investor News:

• The big news involved incessant rumors about Apple ordering 10-inch touchscreens for a new product. Based on a DigiTimes report, normally a good source, this rumor has legs. Is it Apple’s netbook? Probably not, despite all the coaxing from media speculators.

• Related analyst comment: Wednesday on CNBC Piper Jaffray’s Gene Munster guesses the touchscreen chatter is pointing to a new “Mac tablet” intro by year’s end.

• Supply chain sources report robust orders for parts relating to production of iMacs and Macbook Pros, says Kaufman Bros. analyst Shaw Wu via AppleInsider.

• A new $79 iPod Shuffle was introduced Wednesday, even tinier with more flash storage and a “VoiceOver” feature that speaks names of songs and playlists. Shares popped 5% that day.

• Analyst downgrade of the week: Thomas Weisel drops AAPL target price to $120 from $130, but calls Apple shares undervalued.

• Sleeper of the week: a report from TG Daily that the iTunes Store has reached nearly 27,000 mobile applications (apps) for iPhone and iPod Touch since its launch about nine months ago. The report says it took Windows Mobile nine years to reach that number.

• Non-story of the week: a false report that Steve Jobs showed up at Tuesday’s Disney shareholder meeting. Jobs is Disney’s largest single shareholder.

• Next Tuesday: An Apple media event will debut the next generation of iPhone software. CNET speculates “Apple has something up its sleeve.”

Frank Cioffi, Apple Investor News for 24/7 Wall St.

Full disclosure: Cioffi owns AAPL shares

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